1860 Penelope RD NW Atlanta, GA 30314
3 Beds
2.5 Baths
1,688 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,688 sqft
Price per Sqft $281
Subdivision Penelope Neighbors
MLS Listing ID 7737276
Style Cape Cod,Traditional
Bedrooms 3
Full Baths 2
Half Baths 1
Construction Status Resale
HOA Y/N No
Year Built 1949
Annual Tax Amount $4,934
Tax Year 2025
Lot Size 1.748 Acres
Acres 1.7477
Property Sub-Type Single Family Residence
Source First Multiple Listing Service
Property Description
With cash flow becoming harder to find, this property offers a unique opportunity. Enjoy it as a private residence with incredible outdoor space, purchase it as a fully operating hostel business that has averaged approximately $150,000 per year in revenue over the past three years (see agent for details), or use it as the ultimate house hack.
The true highlight of this property is the land and outdoor experience, with features throughout the designed for gathering, entertaining, and flexible use. The grounds have been improved with over $15,000 in plantings, mature pecan and black walnut trees, and expansive cleared space ideal for gardening or simply enjoying the outdoors. A looping gravel drive with two access points on Penelope Rd, a secured gated entrance, and a gravel parking lot for 6+ vehicles or RVs provide both functionality and flexibility. The outdoor setup includes an outdoor shower, fire pit lounge area, elevated mulched terrace, pavilion-style seating and grilling area, multiple storage structures, a striking mural-covered shipping container, and additional structures including a yurt and glamping-style accommodations.
The home was renovated in 2020 and features bright, updated interiors, including hardwood floors throughout, tiled bathrooms, and a renovated kitchen with white cabinetry and granite countertops. The layout offers flexibility for a variety of living arrangements, including a primary suite on the main level. An unfinished basement with interior and exterior entry, newer major systems including roof, HVAC, and water heater (all approximately 5 years old), and a detached two-car garage add functionality and long-term value. The property also offers ample space to add an ADU or convert the detached two-car garage into an ADU, creating an additional income stream.
There may also be potential to subdivide the property into multiple parcels; Buyer should confirm feasibility with the appropriate authorities.
A truly unique opportunity to own a property with rare acreage, character, and income potential in the heart of Atlanta.
Location
State GA
County Fulton
Area Penelope Neighbors
Lake Name None
Rooms
Bedroom Description Master on Main
Other Rooms Garage(s), Outbuilding, Shed(s), Storage, Workshop
Basement Exterior Entry, Interior Entry, Partial, Unfinished, Walk-Out Access
Main Level Bedrooms 1
Dining Room Open Concept, Separate Dining Room
Kitchen Cabinets White, Stone Counters
Interior
Interior Features High Speed Internet, Low Flow Plumbing Fixtures, Recessed Lighting, Smart Home
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Hardwood, Wood
Fireplaces Number 1
Fireplaces Type Living Room
Equipment None
Window Features Insulated Windows
Appliance Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Range, Microwave, Refrigerator, Washer
Laundry Electric Dryer Hookup, Gas Dryer Hookup, In Basement
Exterior
Exterior Feature Garden, Private Entrance, Private Yard, Rain Gutters, Storage
Parking Features Detached, Driveway, Garage, Level Driveway, RV Access/Parking, See Remarks
Garage Spaces 2.0
Fence None
Pool None
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
View Neighborhood, Rural, Trees/Woods
Roof Type Shingle
Street Surface Asphalt,Gravel,Paved
Accessibility None
Handicap Access None
Porch Covered, Deck, Patio
Total Parking Spaces 6
Private Pool false
Building
Lot Description Back Yard, Cleared, Farm, Front Yard, Level, Private
Story Two
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Cape Cod, Traditional
Level or Stories Two
Structure Type Brick,Stone
Construction Status Resale
Schools
Elementary Schools Fulton - Other
Middle Schools Fulton - Other
High Schools Fulton - Other
Others
Senior Community no
Restrictions false
Tax ID 14 017300090243
Virtual Tour https://www.zillow.com/view-imx/fb6de4e8-9310-4c03-8052-3732ad3e78fd?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Nearby Locations
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